LLC Liquidation / Debt Free Asset
AUCTION
Quail Ridge Golf Club – 155+/- Acres
5634 Quail Ridge Drive, Sanford, NC 27332
SELLING ONLINE ONLY
Click HERE to Register & Bid Now
AUCTION BID DEADLINE: Thursday, October 6th @ 11 AM EST
PROPERTY DESCRIPTION: 18 Hole Championship Golf Course designed by Ellis Maples just North of Pinehurst, NC. The course plays 6875 yards from back tees and has Bermuda fairways with Bent grass greens. The clubhouse features a large retail area with glass frontage, restrooms with showers and lockers, offices/card room, grill with hood and stainless steel kitchen equipment and plenty of seating for large parties. The location is excellent with a high car count and easy accessibility. The course has a large parking lot with pavilion as well as a full length driving range and putting/chipping practice green. The course is irrigated by a quality flotronics dual line with toro heads. This is an excellent opportunity to own a championship golf course in one of the most popular golf areas in the Country.
Located just 23 miles North of Pinehurst and 45 miles South of the State Capital Raleigh on heavily traveled Highway.
Property consists of 3 separate Lee County Tax Parcels, ID#’s – 952996015000, 9539-08-9387-00 & 9539-07-9783-00. The property does not carry any current restrictions, should the property be developed for something other than a golf course. Per Lee County, the total acreage count for all 3 parcels is 156.79+/-.
In addition, QuailRidgeGolfCourse.com will be conveyed at the time of closing.
IMPORTANT AUCTIONEER NOTES: Due to mixed ownership, some of the equipment and other related personal property will NOT be conveyed at closing. A detailed list of what is being conveyed with the property will be posted in early September under the “Documents” tab on our website. The golf carts are currently being leased through Yahama. The new owner will not be under any obligation for the current lease. However, should the new owner want to maintain the lease, please contact Auctioneer for more information.
DUE DILIGENCE INFORMATION: To access recent course financial information, please contact Auctioneer for a confidentiality agreement.
INSPECTION: Thursday, September 29th from 11 AM – 2 PM or contact Auctioneer to schedule an appointment.
TERMS: 10% initial earnest money deposit and closing to occur within 30 days of contract acceptance. Please click Documents tab for more information.
BUYER’S PREMIUM: A 10% buyer’s premium will be added to the high bid. Example: For a high bid of $1,000,000, a 10% buyer’s premium of $100,000 will be added making the purchase price $1,100,000.
SALE CONDUCTED BY: Hilda W. Allen Real Estate, Inc., 212 Old Quitman Annex Road, Adel, GA 31620, Phone: 888-324-5020 Fax: 229-896-1180. NC RE Broker #193434, NC RE Firm #C14312, NCAL #7856 & NCFL #7852.
In conjunction with: Brett Miller with Miller Management Associates, Inc., 828-775-7765
